{"id":33907,"date":"2012-12-02T20:03:55","date_gmt":"2012-12-03T01:03:55","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=33907"},"modified":"2012-12-02T20:03:55","modified_gmt":"2012-12-03T01:03:55","slug":"video-alcoa-and-aluminum-latest-price-action-suggests-2-major-opportunities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/02\/video-alcoa-and-aluminum-latest-price-action-suggests-2-major-opportunities\/","title":{"rendered":"(Video) Alcoa and Aluminum: Latest Price Action Suggests 2 Major Opportunities"},"content":{"rendered":"

Alcoa (NYSE:AA) and aluminum futures prices have “come into critical price areas.” <\/span><\/h3>\n

By Elliott Wave International<\/span><\/h3>\n

The editor of Elliott Wave International’s Metals Specialty Service<\/em>, Mike Drakulich, has just recorded a new, free video forecast:<\/p>\n

“Aluminum and Alcoa: Exciting Juncture (Nov. 29, 2012.)”<\/em><\/p><\/blockquote>\n

Says Mike (excerpt):<\/p>\n

“This is the first video of what is going to be a series of videos on the industrial metals markets, as they come into critical price areas that may tell us the big [moves] I’ve been talking about in my daily analysis are getting underway — or, in fact, are underway.”<\/em><\/p><\/blockquote>\n

ALUMINUM:<\/strong> The video starts off by showing you “the big picture from 2008-2009 bottom.” Mike Drakulich walks you through the Elliott wave pattern since then and shows you how, off the recent high, the price has come down in a familiar ABC pattern. Moreover, the decline has retraced 62% of the previous rally — a key Elliott wave signature and important Fibonacci proportion.<\/p>\n

Here is an abridged version of the aluminum chart from the new video:<\/p>\n

\"\"<\/p>\n

What’s more, the price action in aluminum has just penetrated two key moving averages, the 50-day and the 200-day.<\/p>\n

ALCOA (NYSE:AA): <\/strong>The second half of the video gives you a detailed look at Alcoa stock. Mike shows you that, going back to the same 2008-2009 period, AA has followed the price of aluminum very closely. You get a detailed view of Alcoa’s recent drop below a key support price level, plus the analysis of an important trendline the stock has been “flirting” with — which, if broken, should “open the gates” to a rare opportunity.<\/p>\n

Mike Drakulich ends the video by saying:<\/p>\n

“Bottom line, we have some really nice action in aluminum and Alcoa, and this is being seen across the board in many of the industrial commodities.”<\/em><\/p><\/blockquote>\n

Visit Elliott Wave International to watch the full, FREE video forecast on these two emerging trading opportunities.<\/strong><\/a><\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Alcoa (NYSE:AA) and aluminum futures prices have “come into critical price areas.” By Elliott Wave International The editor of Elliott Wave International’s Metals Specialty Service, Mike Drakulich, has just recorded a new, free video forecast: “Aluminum and Alcoa: Exciting Juncture (Nov. 29, 2012.)” Says Mike (excerpt): “This is the first video of what is going … <\/p>\n

Continue reading “(Video) Alcoa and Aluminum: Latest Price Action Suggests 2 Major Opportunities”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33907","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=33907"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}